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by geebee 4160 days ago
I wouldn't put too much stock in the "market wage" requirement. It's easily subverted. All it means is that the position advertised needs to pay market rate for that job title. You could hire an unusually talented senior engineer as an "analyst 1" and as long as you pay the analyst 1 market salary, you can get away with it. There's very little oversight.

Also, keep in mind that if it's difficult to hire at "market rate", that tends to be a signal that market rate is too low. Suppressing wage growth is, in the long term, not really all that different from lowering wages (suppose that there is no wage growth for 10 years - "market rate" remains the same - in an inflationary economy, this means wages are much lower in real terms). This is why some people are now proposing a wage requirement considerably higher than market rate for H1Bs, to ensure that the process doesn't suppress the wage growth needed to make the field attractive to talented people.